News & Bulletin Updates

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As per our analysts RIL has announced a price revision for PTA as of 22nd August 2020.

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As per our analysts HCL has announced a price revision for Acetone and Phenol as of 22nd August 2020.

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As of 22nd August 2020, a major International producer halted operations at its Melamine plant for maintenance on August 20th, 2020.

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As per our analysts, a major International producer company is expected to resume operations at the unit on August 24, 2020.

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As of 22nd August 2020, Toluene prices have dropped in the US Gulf and Rotterdam.

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As of 22nd August 2020 PX prices have declined in the international market owing to the soft demand trends in the region.

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As of 22nd August 2020, Phenol prices were seen to be dropping in NW Europe as informed by our analysts.

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As of 22th August 2020 Acrylonitrile prices have picked up in the International Market.

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As of 22nd August 2020 our analysts have informed us that a major International producer has plans to build a Co2 to Methanol plant in India.

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Our analysts after talking to various sources in the market have given the brief outlook on the International Polymer market.

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As of 21st August, 2020, latest chemical tankers load bulk prices for Indian chemical market according to our analysts. Acetone, Acetic Acid, Butyl Acetate, C9 Solvent, IPA, Methanol, n-Butanol, Phenol

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As of 21st August 2020, chemical prices in Ahmedabad are reported to be down.

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After talking to various sources in the market our analysts have given a brief overview of the Kolkata chemical market.

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As of 21st August 2020 our analysts have informed us that CHina plans to expand their crude oil storage following increasing imports.

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As of 21th August 2020, Toluene prices have been reported to have dropped in the International Market.

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As of 21th August 2020, Indian Rupee opened at $74.91 as informed by our analyst.

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As per our analysts GSFC has announced a price revision for Cyclohexane as of 21st August 2020.

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RIL has announced a price of DEG and MEG with effect from 21st August, 2020.

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As per our analysts, IOCL has announced a price revision for Benzene and DEG as of 21st August 2020.

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As of 21st August 2020, major International producers have scheduled to start a turnaround by mid-October, 2020.

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As of 21st August 2020, a major International producer has shut its oxo-alcohols plant on August 19, 2020 due to maintenance.

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As of 21st August 2020, Benzene prices pick up Internationally due to high upstream energy values and improved buying sentiments in the region as informed by our analysts.

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As of 21st August 2020, SM and Methanol prices were seen to be dropping in Rotterdam As informed by our analysts.

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As of 21st August 2020 PX prices have declined in the international market owing to the soft demand trends in the region.

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As of 20th August 2020, Indian Rupee opened at $75.04 as informed by our analyst.

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8At least 8 vessels are on wait at Kandla with their chemical cargoes

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We cover the entire matrix of chemical vessels sailing to India for unloading
8Our analysis shows that an ethane vessel is coming in for RIL at Dahej
8RIL is also importing orthoxylene, paraxylene, methanol and CBFS in large quantities

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RIL has a giant crude to chemical game plan
It is extremely ambitious in its scale

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Production margins were hovering at multi-year lows in early July as oversupply continues to pressure the polyester chain.

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The prices of almost all the petrochemical products discussed under pressure had declined in the broad range of 0.3%-29% y-o-y in FY20.

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Jun 02, 2020: Tested title